Power Co. of Canada (TSE:POW - Get Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as C$48.72 and last traded at C$48.29, with a volume of 33177 shares changing hands. The stock had previously closed at C$48.10.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on the company. TD Securities boosted their price target on Power Co. of Canada from C$49.00 to C$53.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. BMO Capital Markets upped their target price on Power Co. of Canada from C$42.00 to C$49.00 in a research report on Tuesday, November 12th. CIBC raised Power Co. of Canada from a "neutral" rating to an "outperform" rating and upped their target price for the stock from C$48.00 to C$55.00 in a research report on Friday, February 7th. Cibc World Mkts raised Power Co. of Canada from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 7th. Finally, Jefferies Financial Group upped their target price on Power Co. of Canada from C$52.00 to C$54.00 and gave the stock a "buy" rating in a research report on Thursday. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$49.56.
Get Our Latest Analysis on POW
Power Co. of Canada Price Performance
The company has a market capitalization of C$31.38 billion, a price-to-earnings ratio of 13.86, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09. The business has a fifty day moving average price of C$45.09 and a 200 day moving average price of C$44.00.
About Power Co. of Canada
(
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Power Corporation of Canada, an international management and holding company, offers financial services in North America, Europe, and Asia. It operates through Lifeco, IGM Financial, and GBL segments. The company offers life, health and dental, disability, critical illness, and creditor insurance; accidental death and dismemberment; retirement savings and income and annuity products; and life assurance, pension, and investment products to individuals and small business owners.
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